Recent reports from companies like Boeing, Eli Lilly, and Cisco have indicated that many jobs have been outsourced to India and other overseas nations. In the past, outsource jobs typically were of low skill requirements. However, now the tides have changed and many jobs once belonging to white collar Americans have moved overseas.

For example, Boeing and Airbus are now employing more Indians to write software for future cockpits and create systems to foil air collisions. In fact, Boeing has handed over much of the responsibility for creation of two key systems in the upcoming Boeing787 model to HCL technologies based outside New Dehli.

Even investment tycoon, Morgan Stanley has hired Indians to perform analyses of American stocks. Jobs like this typically pay in the 6 figure range on Wall street.

After citigroup chairman Charles O. Prince the third made a trip to New Dehli, reports emerged stating that the company had plans to eliminate or reassign some 26,000 jobs to India as well as less costly American cities. We contacted Citibank, and they refused to comment on the speculation.

It seems like India is becoming a second headquarters for many companies once primarily based out of the U.S. Within the next five years, Cisco, the world leader in communications equipment, concluded that 20 percent of their most valuable employees will be located in India.

The job shifts to India do not come without cutbacks elsewhere. Every time a job moves to India, it comes as a loss to an American or European.

India has become so appealing to major corporations because of its lucrative market and potential for growth.

Ravi Venkatesan, chairman of Microsoft India has his a theory as to why India has become such a booming market for global corporations.

“Having actual customers at the doorstep makes employees think more creatively about the problems of their own society. Now that the Indian workers have more autonomy they are focusing on problems, like building software for the illiterate, that might not have occurred to American researchers.”

The world can expect India’s new business edge to bring about new changes in job markets elsewhere, like Europe and the U.S.

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